Daimler and BYD double EV JV investment

Daimler and BYD are stepping up investment in their electric vehicle joint venture BYD Daimler New Energy Technology. The partners will each pump an additional Yuan 430m (US$69m) into the venture for a total Yuan 860m infusion. The new funding will assist in development of eco-friendly vehicles, according to BYD. BYD … It’s time to …

Daimler and BYD are stepping up investment in their electric vehicle joint venture BYD Daimler New Energy Technology. The partners will each pump an additional Yuan 430m (US$69m) into the venture for a total Yuan 860m infusion. The new funding will assist in development of eco-friendly vehicles, according to BYD.

BYD …

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